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small business news
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no time for a break
42% of small business owners have ruled out the possibility of taking a holiday this summer, according to a survey by Unicom.

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matalan added to FPB 'hall of shame'
Matalan has been added to the FPB's 'hall of shame' for imposing a 2% deduction on all payments to their suppliers from September 1st.
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small business could save £2.5 billion in just one year
Energy efficiency could help small businesses save £2.5 billion in the next 12 months, according to research by the Carbon Trust.

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will business taxes rise to pay for public services?

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august 2007
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The government is introducing a new wave of taxes and levies which will affect businesses across the UK, according to a report by Richard Tyler of the Telegraph.

“The taxation burden is creeping up in the business as well as the domestic arena. This Government is clever. They have been collecting more tax without increasing the headline rate” stated Mike Warburton, senior tax partner at Grant Thornton.

The Local Government Committee argue that the increase in spending by local authorities has been paid for by increased council taxes, and that businesses now provide a far smaller proportion of the amount.

Richard Tyler refers to the tax preventing owners of family companies being paying themselves in dividends; the London Low Emissions Zone; the increases in holiday entitlement and minimum wage and compulsory employer pension contributions as some of the measures being introduced to raise the tax burden on businesses.

Click here for the full article.


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